Commercial Office Space For
86 Front St Hempstead, NY 11550
For Sale
$1,295,000
Commercial office space on a busy street, investment opportunity.
Property Size4,796 SF
Lot Size0.12 Acres
Price / SF$270.02
Days on Market94
Property Features for 86 Front St
General Information
- Standard status
- Active
- Size
- 4,796 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1941
Listing Agency:
Jamie Realty Group
(718) 886-0668
Listed By:
Xiao Zheng · License #10491212408
(718) 886-0668
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 25 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jamie Realty Group
Investment Insights
Based on property information with market context.
This commercial office space is situated on a 60x88 lot, offering 4,796 square feet of interior space. The property is located on a busy street, presenting a high-potential investment opportunity. The first floor features a large open area, complemented by three surrounding offices and a bathroom. An elevator provides access to the fully finished basement, which includes a conference room, a kitchenette, and an additional office space. The property provides parking for six cars in the front. The location has a walk score of 66, indicating it is somewhat walkable, a bike score of 49, indicating it is somewhat bikeable, and a transit score of 43, indicating some transit options are available.
Key Highlights
- High‑traffic location ideal for business investment.
- Boasting a large 4,796 sq/ft interior space.
- Fully finished basement featuring a conference room, kitchenette, and office.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.1k | $27.96 |
| − Vacancy | −$24.1k | −$5.03 |
| EGI | $110.0k | $22.93 |
| − OpEx | −$27.5k | −$5.73 |
| NOI | $82.5k | $17.20 |
4,796 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,469 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,971 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Care Consulting
Home Health Care Service
Dawah Pharmaceuticals Inc.
Industrial Manufacturer
The Maksoud Foundation
Charitable Organization
FAQs
What type of property is this?
Office units - Commercial office space on a busy street, investment opportunity.
Where is this office units located?
The property is located at 86 Front St Hempstead, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: High‑traffic location ideal for business investment.; Boasting a large 4,796 sq/ft interior space.; Fully finished basement featuring a conference room, kitchenette, and office.
